SEI has reported continued growth in its institutional outsourced chief investment officer (OCIO) business with the addition of nine clients and USD1.1 billion in new global institutional assets during fourth-quarter 2018.
Guide Dogs for the Blind, Pine Crest School and The Jerusalem Foundation, Inc. are among SEI’s institutional clients added in the fourth-quarter 2018.
“We have been providing OCIO services since 1992. Over that time, we have successfully scaled our infrastructure and resources, gained extensive experience helping clients through a variety of market cycles, and leveraged our learnings across all of our clients,” says Paul Klauder (pictured), Executive Vice President of SEI and Head of SEI’s Institutional Group. “We believe we are well positioned as an industry leader in the OCIO market and will continue to grow this business by providing superior service and solutions to our clients.”
SEI continues to see significant client growth among non-profit organisations and has a dedicated practice toward servicing these clients. Over the past 36 months, the company’s OCIO business has added 34 new non-profit clients and over USD5.1 billion in new non-profit assets worldwide. SEI’s non-profit OCIO business now consists of 185 clients and over USD25 billion in assets under management.
“The non-profit sector is currently the most active market in terms of widespread adoption of an outsourced or discretionary approach for investment management,” says Michael Cagnina, Vice President and Managing Director of SEI’s Institutional Group. “The increased interest in the non-profit sector, combined with the ongoing adoption by retirement plan sponsors and healthcare organisations, has led to a significant level of interest in this model among institutional investors.”
The overall growth in the SEI’s OCIO client base is attributed to the continued adoption of this investment management model by non-profits, retirement plan sponsors and healthcare organisations. SEI now provides OCIO services to more than 480 clients worldwide and manages more than USD84 billion in assets.
